FRANCE - AXA's public tender offer on Camaïeu to close in three days

AXA Private Equity has only three more days of its simplified tender offer for Camaïeu’s remaining 47.2% currently floating on Euronext Paris. On 12 January 2006, AXA's holding company, Modamax filed a simplified cash tender offer on the shares of Camaïeu. The offer was declared admissible by the AMF on January 24, 2006 and has been open from 31 January 2006 until 13 February 2006 inclusive. Modamax is intending to to file a delisting offer followed by a squeeze-out. The offer has been filed at EUR 130; the same price Modamax paid to purchase its shares from Castlerigg Master Investments at the end of last year.